PAID INC Appoints Freight Technology Veteran Lance Healy to Board of Directors
PAYD has more than doubled off its 52-week low of $1.06.
Summary
PAID INC appointed Lance Healy, a seasoned freight technology expert, to its Board of Directors, aiming to bolster its logistics and shipping platform, ShipTime.
Key Events · Executive and Board Changes · PAYD
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New Director Appointed
Lance Healy, co-founder of Freight Facts and former President of Banyan Technology, has been appointed to the Board of Directors, effective May 11, 2026.
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Strategic Expertise Added
Healy brings 30 years of experience in freight technology, LTL automation, and logistics data intelligence, directly supporting the company's ShipTime subsidiary.
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Compensation Details
Mr. Healy will receive $10,000 annually and options to purchase 20,000 shares of common stock each year.
Analysis · PAYD · Trade & Services
PAID INC has appointed Lance Healy, a veteran in freight technology and transportation infrastructure, to its Board of Directors. This move is significant as the company's subsidiary, ShipTime Canada Inc., operates a logistics technology platform. Healy's extensive experience directly aligns with the company's core business and its stated goal of strengthening freight and enterprise logistics capabilities, which is a positive step for a company that recently reported financial challenges.
At the time of this filing, PAYD was trading at $2.28 on OTC in the Trade & Services sector, with a market capitalization of approximately $19.3M. The 52-week trading range was $1.06 to $4.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.